Chicago Fed's Moskow on the US economic outlook

In the speech 'US economic outlook and the role of inflation inertia' given on 2 June Michael Moskow of the Federal Reserve Bank of Chicago said US inflation will likely stay contained but is at the top end of the price-stability zone and interest-rate policy should aim to move it down.

In remarks to the Latin American Chamber of Commerce, Moskow said 1 percent to 2 percent was his "comfort zone" on core inflation but that it was better to be in the middle of that range.

"Some research suggests

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